Here Are 3 Reasons Why the 'Big Beautiful Bill' Won't Generate 3 Percent Growth
The White House is promising higher growth, but tariffs, borrowing, and rising interest rates will be a drag on those expectations.
Interest rates
Trump Doesn't Need the Fed To Fix Housing
Former Rep. Ron Paul argues that slashing red tape will do more to bring down home prices than pressuring the central bank to cut interest rates.
Trump Wants Lower Interest Rates. The Market Disagrees.
Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.
Trump Rages at the Fed Over Interest Rates
According to the president, the U.S. economy will begin to slow down unless the Fed “lowers interest rates, NOW.”
Interest Rates Are Falling—Thank Government Spending Cuts for That
Cuts to government spending mean fewer bonds, lower borrowing costs, and potentially a break for borrowers.
Hawley/Sanders Credit Card Interest Cap Is a Gift to Payday Lenders and Loan Sharks
A bill that purports to lower borrowing costs will instead drive many people to more expensive lenders.
Trump's Davos Speech: The Good, the Bad, and the Ugly
President Donald Trump doubled down on both domestic deregulation and protectionism in his speech to the World Economic Forum.
The Way Out of Our Inflation Mess
For all the excitement about the incoming administration and a return to the 2019 economy, market stability rests on the precarious assumption that the government will eventually put its fiscal house in order.
Janet Yellen's Short-Term Thinking Could Cost the U.S. Big
The Treasury Secretary’s debt decisions during the pandemic locked in low rates—but only for two years. Now, taxpayers are paying the price.
Mark Calabria on Mortgages, Interest Rates, and Debt
Fannie Mae and Freddie Mac distort the housing market, explains Mike Pence's former chief economist.
The Hidden Costs of Capping Credit Card Interest Rates
A rate cap could leave millions scrambling for alternatives in an increasingly cashless economy.
Trump's First Term Wasn't Fiscally Responsible. Will His Second Be Different?
Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.
Don't Expect a Return to the Trump Economy
If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.
Deregulation Can Fix the Housing Crunch
Increasing the supply of housing requires looser rules and fewer bureaucratic delays.
The Cutting Edge
Plus: The Federal Reserve cut interest rates, Congress still isn't cutting spending, and more....
Blowing Up
Plus: J.D. Vance's shifting views on mass deportations, federal bureaucrats steal Disney World tickets from homeless kids, and more...
Markets in Panic
Plus: Emhoff scandal, Iran and Hezbollah possibly striking Israel, Nirvana facts, and more...
The National Debt Is Crossing an Ominous Line
The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.
Going Down?
Plus: Hunter Biden is guilty of crimes that shouldn't be crimes, North Dakota's voters take on gerontocracy, and more...
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
Why aren't politicians on both sides more worried than they seem to be?
Why Is the Economy So Weird Right Now?
Plus: Samuel Alito's bad flags, simping for marijuana, and more...
Americans Care About Inflation, but Politicians Don't
Plus: A listener asks the editors about cancelling student loan debt.
Americans Are Still Really Worried About Inflation
And for good reason: Even at 3.5 percent, inflation is running higher than it did in almost every year for three decades before 2021.
U.S. Defense Spending Continues To Spiral Out of Control
Increased spending does not automatically equate to higher quality—something that is often lost in this debate.
Say No to This: America's Fiscal Norms Are in Decline
Despite their informal nature, those norms have historically constrained U.S. fiscal policy. But they're eroding.
Turkey's Strongman Had a No Good, Very Bad Weekend
The Turkish opposition ran circles around President Recep Tayyib Erdogan's party in local elections. It could be the beginning of the end of his 20-year reign.
Most Americans Aren't Buying Biden's Misleading Narrative That the Economy Is Getting Better
The question of how best to measure inflation has no single and straightforward answer, but most people know that the president's economic claims aren't true.
Truth Social Can Be Yours
Plus: NYC squatters, sex differences and chess ability, trouble at the ACLU, and more...
The 'Vibescession' Will Continue Until Interest Rates Fall
A new economic paper explains why interest rates are the missing piece to understanding why people are unhappy about a seemingly strong economy.
Politicians Need To Stop Pretending the National Debt Is Sustainable
The reality raises questions about the kind of future we want to leave for the next generation.
Interest Rates Are High. GOP Presidential Candidates Need To Get Serious About It.
They will either reduce the ability to spend money or to cut taxes.
The Best of Reason: The Fiscal Hawks Were Right About Debt and Interest Rates
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
The Fiscal Hawks Were Right About Debt and Interest Rates
Rosy fiscal expectations based on eternally low interest rates have proven dangerously wrong.
America Is Taking a High-Speed Train to Bankruptcy
Every dollar wasted on political pork, fraud, and poorly considered infrastructure makes the country’s fiscal situation even worse.
The U.S. Needs a Fiscal Commission Because Congress Won't Do Its Job
In the last 50 years, when the budget process has been in place, Congress has managed only four times to pass a budget on time.
Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Americans Learned a Lesson About Interest Rates. Washington Has Not.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
No, Low Interest Rates Did Not Justify Adding Trillions of Dollars to the National Debt
Especially because the once-dismissed possibility of rising rates is now a reality.
Inflation Won't Go Away Until Congress Gets the Deficit Under Control
The Federal Reserve's higher interest rates were supposed to trigger changes to fiscal policy. So far, that hasn't happened.
'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
The U.S. Government's Bad Credit Means Higher Costs for Us All
Federal officials ignore repeated warnings, and we all pay the price.
'Bidenomics,' Like All Industrial Policy, Sucks
Plus: Does Tom Cruise really do all of his own stunts?
'Bidenomics' Is Nothing New
It's a familiar program. And it will result in higher prices, slower growth, and fewer jobs.
This Election Season, Beware of These False Promises
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
The Next President Needs To Cut Spending
At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.
The Fed Won't Save Us From the Inflation Iceberg
Plus: Was Gerald Ford right to pardon Richard Nixon?
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
